Bank of America has named three top executives as potential successors to CEO Brian Moynihan, signaling a leadership transition plan. The stock has climbed 279% under Moynihan’s leadership. Moynihan hopes to stay until the end of the decade, focusing on “responsible growth.”

Dean Athanasia and Jim DeMare were appointed as co-presidents, with Alastair Borthwick promoted to senior vice president. Athanasia leads retail and commercial banking, DeMare oversees global markets. Analysts see a potential “horse race” among the three for the CEO role.

Moynihan praised the trio in a note to staff, highlighting their contributions to Bank of America’s growth. Athanasia and DeMare play vital roles in the bank’s profitability, overseeing key divisions. DeMare has led the global markets division to steady growth.

Borthwick, the CFO, has been instrumental in improving the bank’s stock performance by managing the securities portfolio. Bank of America plans to host its first investor day in 15 years to address the gap in investor perception compared to peers. Management aims to enhance the company’s standing in the market.

Read more at Yahoo Finance: The 3 execs now in a ‘horse race’ to succeed Moynihan as BofA CEO